Jun 28, 2021
Welcome to Finance and Fury. This episode is to look at Central bank digital currencies - Central banks releasing digital currencies is an inevitability at this stage - proof-of-concept programmes are currently in the works across the globe - with more than 80% of central banks looking at digital currencies – The RBA is one of them
There is a lot of cover in this topic – we will define a central bank digital currency and go through why central banks are looking at pure digital currencies as an option – We will also look at what is happening in China with their plans for the distribution of the digital yuan – but also look at the alternatives the RBA is looking at
Defining the different forms of currencies in the modern monetary economy – physical and digital
Why do Central Banks – particularly China’s want a digital currency?
China is serious about this – they are rolling it out -
Does this relate to Australia and why would cash disappear?
Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/